Updated over 9 years ago on . Most recent reply
Hungry Multi-unit investor.
Newbie from long beach california, my name is Ellis Barfield. I Work at wastewater plant and I am looking to become financially free threw realestate. Investing in multi-units is what im mentally invested in but Im open minded to all investment types of strategies.
Most Popular Reply
Hello and welcome to BP! What you do is more likely depend on how much money you have or is available to you. Multiple MF rentals are good but are usually not recommended to starters unless you have some kind of experience. It is usually recommended that newbies start off in wholesaling or fix and flip. Just focus on what you are doing. Have a daily criteria and goals that you can review every day. What is regular for the market you select? Leave emotional decisions to things other than real estate.
Try to stay close to home when investing? Just go somewhere that is producing income even if there is more competition there. Go for positive cash flow and equity for the best situation. Do not cut any corners to get a deal done. The seller's market we have is effecting what you can do in California unless you can buy with cash. Most owners like that the inventory is low in California and has driven most prices up as well as rents. Good luck to you!